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May 2, 2013
15:50 EDTRIGIcahn sends letter to Transocean shareholders, urges special dividend
Carl Icahn sent a letter to Transocean shareholders continuing to advocate for a $4.00 per share special dividend. In his letter, Ichan says, "Transocean has at last acknowledged the magnitude of the cost cutting opportunity at the company: in the initial phase, at least $300M of annualized savings. However, the more important issue at this point how will the $300M in annualized savings impact shareholders? If additional capital is tied up in long dated low return capital projects, we do not believe shareholders will ever see the benefit. We continue to believe that even without the $300M annualized savings, a $4.00 dividend is entirely feasible, but obviously this $300M makes it even more so."
News For RIG From The Last 14 Days
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November 24, 2015
11:05 EDTRIGStocks with call strike movement; NFLX RIG
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November 23, 2015
05:25 EDTRIGTransocean announces intention to delist from SIX Swiss Exchange
Transocean announced its intent to delist its shares from the SIX Swiss Exchange. The company expects the SIX listing authorities to approve its delisting application prior to year-end and the related delisting to occur in Q1. The company will remain incorporated in Switzerland and its shares will continue to be listed and traded on the New York Stock Exchange.
November 16, 2015
16:00 EDTRIGOptions Update; November 16, 2015
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